RNDR breaks through key resistance, on-chain data supports bullish outlook—Are $4-5 within reach?

2026-01-12 07:00:10

Abstract generation in progress

【Crypto World】Render (RNDR) has been performing quite interestingly lately. Currently, the price is at $2.57, just breaking through a key resistance level, and the market has sensed a reversal. Since the end of last year, RNDR has increased by over 60%, holding the $2 support line, and is now launching an assault on the fortress above $3.

On-chain data also provides several signals—open interest has surged over 27% recently, reaching $76.2 million, and momentum indicators are showing positive signs. It seems there is still enthusiasm for bullish trading.

The key question is whether RNDR can break through the $3 “hard bone.” Once successfully突破, the $4-5 range will become the next target. Of course, this also depends on whether the subsequent market sentiment and macro environment continue to cooperate.

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ReverseTrendSister

· 7m ago

If 3 yuan really breaks through, I believe in 4-5 yuan. I'm just worried it might be another false breakout haha

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Anon32942

· 3h ago

If I can't break through with 3 yuan, I don't believe it. I feel like I need to give it a shot.

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TokenAlchemist

· 01-12 19:46

ngl the 27% oi spike feels like textbook before a liquidation cascade, not exactly the alpha narrative they're selling here

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zkProofGremlin

· 01-12 07:30

If you can't break through 3 yuan, don't boast about it. It's the same old story again.

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WalletManager

· 01-12 07:26

On-chain data doesn't lie. The 27% contract growth combined with this reversal, and $3 is truly the watershed... Hold tight to your chips, this breakout depends on this moment.

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GateUser-4745f9ce

· 01-12 07:24

If 3 yuan can't break through, then it's all fake. Let's wait and see.

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NFTArchaeologis

· 01-12 07:18

Breaking through $3 is the real test. Can those previous reversal signals be traced in on-chain data? Or is it just another wave of sentiment driving it?

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